My Investment And Insurance Approach

I first started my share investment since 13 April 2007. It has been an insightful experience. I made mistakes along the way and learnt from these mistakes. I adopted the appropriate action to refine my investment approach. My dividend investment is my adopted approach. I buy and hold the shares and wait for the dividends generated from the share which I own. I reinvest the dividends back to the shares to generate more dividends.

I used to maintain a life insurance policy and most expensive Integrated Shield insurance.

Life Insurance Policy

After learning of the merits and cons of such policy, I terminated the life insurance policy on 13 June 2013. I incurred a loss of about 34% in respect of the paid premium from from 1 November 2011 to 13 June 2013. I channelled the surrendered proceed into the share investment.

I replaced the Life Insurance Policy with the Term Insurance Insurance Policy. The premium for Term Insurance cost me about $6 per month which was about 94% reduction from the premium which I paid for Life Insurance Policy,

Private Integrated Shield Insurance

I held one of the most expensive Private Shield Insurance from 1 May 2005 to 14 January 2011. On 14 January 2011, I decided to terminate this Private Shield Insurance which cost me $173 per annum. This was replaced by Medishield which cost me $54 per annum at that point of time (in 2011).

I am glad to make the above-mentioned decisions which makes my life more at ease with lesser liability.


Author: firewtk

A middle-age Singaporean currently having a minimalist and simple lifestyle. I am not longer in full-time employment with effect from 1 May 2019. I try my very best to write one post per day on this blog. The purpose is to share my prevailing thoughts to interested readers. It is up to the interested readers to decide whether they want to take action in embarking on the FIRE journey. I do not gain anything from this blog and it is solely for sharing hopefully for the benefits of all interested reader. WTK

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